Six Areas of Financial Planning

We lead our clients through a process of identifying personal and financial goals, taking stock of their existing situation, developing and implementing a strategy and monitoring and reviewing it to help assure that progress continues.

Six Areas of Financial Planning

Financial Position

Cash reserve levels

Cash reserve strategies

Debt management

Cash flow management

Net worth

Discretionary income

Expected large inflow/outflow

Lines of credit

Protection Planning

Disability Income Insurance

Long-term care - coverage

Life insurance

Medical/Health

Deductibles vs cash reserves

Policy status

Policy loans

Beneficiary designations

Special needs situations

Alternate / additional coverage strategies

Investment Planning

Asset allocation

Education funding

Options, restricted stock, non-qualified deferred compensation

Ongoing investment fees

Risk tolerance

Tax implications*

Cost basis

Timeframes

Diversification strategies

Dollar-cost averaging

Tax Planning*

Tax reduction strategies

Tax deferred investing

Tax diversification

Qualified investments

Non-qualified investments

Effects of liquidation

Filing status

Business ownership

Non-traditional ownership

Retirement Planning

Minimum distributions

Pre-59 1/5 strategies

401Ks

IRAs

Medicare/Medigap

Social security

Roth conversions

Income streams and transitions

Health care

Tax transitions

Risk tolerance transition

Timing issues

Estate Planning

Estate balancing

Capital transfer

Asset ownership

Trusts

Wills

Trust funding

IRD

Succession planning

Special needs dependents

Minor children

Generation skipping

Short-term life expectancies

Estate liquidity

*Registered representatives do not provide tax and/or legal advice. Clients should confer with their qualified legal, tax, and accounting advisors as appropriate.

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Cooper Financial Planning is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies.